uf--,plus Thomas, Pirah, etc--
IMO, the thread needs valuation practice and theory.
My job involves working with inexperienced woodworkers who come along, pick my brains, and then go off and do what they were going to do anyway, and who then come back and ask me what they did that produced such lousy results. This just drives me up the walls.
So, a proposal has been made to me...why not write down what you know (about finishing, in this case) in some sort of little pamphlet that we can package for sale. So I've been thinking about that, trying to develop some sort of format that would take a reader through a certain step, explaining it in both theoretical and practical terms. String these steps together, and you can call the whole a finishing process. Maybe a similar idea is what we need.
Example: Today, I think ABCD company is worth $X. Here's how I arrived at that figure. Since the company's stock is selling today for $X+Y, that means I think the company's stock is over valued by Z%. (Or undervalued, or fairly valued.)
Someone else might say: It looks like you focused on the balance sheet. If you plug in CFC, and here's how I did it, you'd find that ABCD is not undervalued at all.
Could something like this be useful here? I'm a valuation rookie...I mean a real rookie...so this may not make any semse at all, but if it does, would this be an improvement over what we're doing now?
Chaz
Chaz |
